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RUMOR: Jimmy Butler, Heat agree to $184 million deal

Jimmy Butler, Heat, Pat Riley

Miami Heat star Jimmy Butler is staying in South Beach for the years to come.

According to Shams Charania of The Athletic and Stadium, Butler is expected to sign a max contract extension with the Heat when the moratorium ends on August 6, which is when free agency deals, extensions and trades can be made official. Per the report, the deal is expected to be at the $184 million range.

For what it’s worth, the deal didn’t come as a surprise since it has been expected all along that Jimmy Butler will commit with the Heat long-term. Prior to the start of free agency, it has also been reported that he would be signing a lucrative extension.

Moreover, the fact that the Heat pursued Kyle Lowry in free agency is a clear indication that they are committed to Butler. Jimmy and Kyle are good friends and even tried to reunite earlier during the 2021 trade deadline.

Butler is already 31 years old, so it means he’ll be spending the rest of his peak years with the Heat franchise. He averaged 21.5 points, 6.9 rebounds and 7.1 assists in 52 games for Miami in the 2020-21 season–all of which are slight increases from his first year with the team.

The five-time All-Star led the Heat to the NBA Finals in the 2020 playoffs. While they failed to replicate the same success in the past season, they are still expected to be contenders heading to next season. Miami’s contract with Butler also shows they are ready to compete and build a winning team around him.